Tron (TRX) is leading a weekend altcoin rally and is now up 20% at $.038 after announcing plans to incorporate decentralized storage into the file-sharing platform BitTorrent.
Tron says it’s leveraging its BitTorrent ecosystem to further decentralize and incentivize BitTorrent’s user base of 100+ million. The peer-to-peer platform will incorporate BitTorrent File System (BTFS) to allow users to receive and host storage on their computers with other individuals and businesses.
According to Tron,
“A variant of the open-source InterPlanetary File System (IPFS) protocol, BTFS began testing internally in late May and is the first step in creating a distributed web platform powered by blockchain technology.”
Says Justin Sun, founder of Tron and CEO of BitTorrent,
“BTFS is a continuing step in our mission to create a decentralized internet that allows everyone to share in the wealth of web commerce. We’re creating a platform with BTFS, BitTorrent Speed blockchain integration and the BTT utility token to let users quickly and privately interact with each other around the world without a middleman or government intervention.”
Sun is also teasing more big news for Tron and BitTorrent with an incoming announcement on June 3rd.
I did it! Big win for the #blockchain community! Big reveal June 3. Stayed tuned! #TRX $TRX $BTT #BTT https://t.co/C2ZcINfcKb
— H.E. Justin Sun ??? (@justinsuntron) June 1, 2019
TRX eclipsed Stellar to make it back into the top 10 on CoinMarketCap before lapsing again to 11th place and then overtaking Stellar once again at time of writing.
? According to @CoinMarketCap, #TRX is back to TOP 10 with a recorded market capitalization of $2.59 billion! #TRON $TRX pic.twitter.com/Ae9CUjouQz
— H.E. Justin Sun ??? (@justinsuntron) June 1, 2019
The flip-flopping continues as the market caps of Tron and Stellar are neck and neck, with TRX at $2.54 billion and XLM at $2.53 billion.
Top Cryptocurrencies by Market Cap
Altcoins are flashing green with all of the top coins up single digits. Bitcoin is also up 1.47% at $8,558.
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